How the GTA 6 Leaker Profited $350,000 From CyberLeek

Bybit
Bitbuy


The anonymous leaker behind CyberLeek has reportedly pocketed roughly $350,000, according to on-chain analyst Conor Grogan. The funds allegedly came entirely from liquidity fees rather than direct sales.

The withdrawal coincided with a sharp price decline for the CYBERLEEK meme coin.

The Mastermind Strategy Behind CyberLeek

Grogan stated on September 1 that the person behind CyberLeek withdrew the funds through various OTC providers, a route that converts digital assets into conventional money without requiring large open-market token sales.

That structure differs meaningfully from a typical launch-and-dump scheme. Rather than offloading large CYBERLEEK holdings directly, the wallet tied to the project reportedly profited by collecting fees whenever other traders transacted in its liquidity pool.

coinbase

Follow us on X to get the latest news as it happens.

This mechanism depends entirely on sustained trading activity. The viral GTA VI leaks appeared to provide exactly that fuel, drawing in buyers and speculators with each new clip, even as rising volume exposed participants to greater volatility and potential losses.

CyberLeek Launch Timeline

Blockchain researchers traced the CYBERLEEK token’s launch to August 15. The Solana-based asset accompanied each new leak as part of a broader campaign, though the identity behind the controlling wallets remains publicly unconfirmed.

Rockstar Games acknowledged the leaks on August 26, calling the situation heartbreaking, but did not publicly name CyberLeek or draw a definitive conclusion about the leaks’ origin. The studio has since filed federal subpoenas targeting Microsoft and Discord to further the case.

As of the latest reading, CYBERLEEK traded near $0.002959, down 25.6% over 24 hours, according to CoinGecko data, with a market cap of $2.17 million and 24-hour trading volume of $2.69 million.

The token’s price has swung sharply in a single day, ranging from $0.0024 to $0.0041. It now trades roughly 91% below its all-time high, reached on August 23.

Subscribe to our YouTube channel to watch leaders and journalists provide expert insights.

CyberLeek (CYBERLEEK) Price Performance. Source: CoinGecko
CyberLeek (CYBERLEEK) Price Performance. Source: CoinGecko

The post How the GTA 6 Leaker Profited $350,000 From CyberLeek appeared first on BeInCrypto.

Source: https://beincrypto.com/gta-6-leaker-pocketed-350k-cyberleek/





Source link

Blockonomics

Be the first to comment

Leave a Reply

Your email address will not be published.


*